Top Reasons Why the Crypto Market is Up Today

Quick Summary:

The cryptocurrency market has signalled the return of the bull market after consolidating in the past eight months.

As a result, the United States is expected to pass a bill soon to purchase 1 million BTCs over the next five years to counter its national debt crisis, of over $35 trillion.

In addition to spot Bitcoin ETFs registering a net cash inflow of over $7.2 billion in the past five weeks, the US spot Ether ETFs registered the highest weekly cash inflow of about $154 million.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United StatesChina

Topics: Crypto news News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 05:26:15 (6 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23508996

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 10 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #112

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